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Critical Minerals UPSC NOTE

 Why in news

  • India began the second part of its critical minerals auction worth ₹30 trillion rupees (about $362 billion), Mines Minister Pralhad Joshi said on Thursday.

  • A total of 18 blocks of critical and strategic minerals, including graphite, tungsten, vanadium, cobalt and nickel, among others, will be auctioned in eight States, a government statement said. 

  • Seventeen mineral blocks have been put up for a composite license, while one block is for a mining lease, it added. 

  • A composite license includes a license to examine a block and mine it afterwards.

What is Critical Minerals

  • Critical minerals are metallic or non-metallic elements that hold two key characteristics:

  • Essential Function: They are essential for the functioning of modern technologies, economies, or national security. 

  • This means they are crucial components in various products and industries critical for our current way of life.

  • Supply Chain Risk: Their supply chains are at risk of disruption

  • Limited geographic distribution: These minerals might only be found in a few countries, potentially leading to dependence on those specific regions.

  • Geopolitical tensions: Political instability or conflicts in countries with critical mineral resources can disrupt supply chains.

  • Environmental concerns: Environmental regulations or concerns can restrict or slow down the mining and processing of these minerals.

Examples of Critical Minerals:

  1. Rare earth elements (REEs)

  2. Lithium 

  3. Cobalt 

  4. Graphite , Copper and aluminum

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Critical Minerals UPSC NOTE
Critical Minerals UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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